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20121201
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. as bad as it was. cnh proud component used in the semiconductor industry and today fire sent toxic fumes of smoke into the air. >> i think the reason we are seeing the heavy black smoke was all the combustible oil, flammable liquid and gases. >>reporter: here's what the side of the building looks like. it's completely exposed as you can see. gutted because the roof collapsed. company says it will try to resume operation just as soon as possible. >> get the people working again. but yes, it's devastating. you look at this and just amazing how fast it all went up. >> i'm devastated. i was just it's my job. i don't know what to say or what to do right now. real devastating. >>reporter: employee tried put out the fire with extinguisher. fire too big. you can see it was no. word yet as to how it started. >> extra security will be on site tomorrow at 2 cupertino schools after bomb threat forced them to close today. but this is a picture of the threat found scrawled on wall at lynn brook high school in san jose. claimed there was a bomb at mont strays high school and included a thre
's mother and two uncles. investigators don't know what led to the shooting. they tracked him down using a cellphone signal. they exchanged fire. his two young daughters they found in his vehicle that had been shot. his son was also injured. >> the president and house speaker met to discuss the so-called fiscal cliff. they have until january 1st to extend the bush-era tax cuts. americans will see massive cuts to social spending. they didn't comment on the meeting today but other republicans are considering a raise in taxes for the wealthiest americans if it will help get a deal done. >> we have spun ourselves into a hole and we're not going to borrow money and get out of it. will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> here is what cuts could come if a deal isn't made in time. military budget would be cut by $500 billion over ten years. schools could be cut. some ideas to avoid the cliff is eliminating the tax deduction for charitable contributions and not allowing homeowners to write off mortgaged payments. >> gas prices are dropping. national
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